June 26, 2018 archive

Chaparral Energy offers $300 million in unsecured notes

Oklahoma City-based Chaparral Energy announced it has priced $300 million in  unsecured notes due 2023. The company intends to use the proceeds from the 8.750% notes to pay down the outstanding balance of its revolving credit facility and for general corporate purposes. The offering is expected to close June 29. The company said the senior …

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Icahn now in full control of SandRidge Energy but has no intentions to buy the company

Having one of his nominees named chairman of Oklahoma City-based SandRidge Energy and being in control of its board of directors  apparently is enough for investor Carl Icahn. After final results of the annual shareholders’ meeting were announced Monday, Icahn indicated he did not intend to be among those seeking to buy the company. The …

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Baker Hughes wins large new international contracts

While Baker Hughes renamed and expanded work at its Oklahoma City oil and gas research center, it also picked up new contracts. The company announced Monday it was awarded a contract to develop a large part of Norway-based Equinor’s drilling and well construction expansion activities in the Norwegian sector of the North Sea. It falls …

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Fish kill in Tar Creek caused by spill at Miami mushroom farm

The Oklahoma Department of Environmental Quality and the State Department of Agriculture are investigating a mushroom farm spill that resulted in a large fish kill in Tar Creek. The spill happened on Friday at a mushroom farm near Miami, according to Jeremy Seiger, director of the agricultural environmental management services division at the State Department …

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Federal funding for Oklahoma projects approved in Congress

U.S. Sen. Jim Inhofe (R-Okla.) praised the passage of the three appropriations bills on Monday. These bills provide the necessary funding for the Army Corps of Engineers, Department of Energy, military construction and Veterans Affairs and the Legislative branch. “The passage of these appropriations bills today are a win for Oklahoma and for the American …

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Federal Judge tosses climate lawsuits against 5 big oil companies

At least five of the world’s largest oil companies can rest easy after a federal judge in California on Monday dismissed lawsuits by the cities of San Francisco and Oakland. The cities sued to force the companies to pay to protect residents of the impacts of climate change. U.S. District Judge William Alsup granted the …

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Feds sign off on 3,500-well drilling project in Wyoming

Colorado-based Jonah Energy LLC announced this week the Bureau of Land Management’s released its Final Environmental Impact Statement on the company’s plans for natural gas development and the drilling of 3,500 wells in Wyoming. Over the past seven years, Jonah Energy, based in Denver, worked with the state of Wyoming, the BLM and environmental partners …

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Brent Crude turns 30 this week

When it comes to oil and natural gas prices, the U.S. has the West Texas Intermediate crude set in Cushing while in Europe, it’s the Brent crude set in London. And this week, Brent crude marked its 30th anniversary. Intercontinental Exchange, Inc. observed the anniversary of its Brent futures complex with serves as the primary …

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XTO cuts methane emissions in operations by 9 percent

ExxonMobil’s XTO Energy, a firm with nearly 300 employees in Oklahoma and more than 1 million acres of holdings in the state announced it’s reduced methane emissions by 9 percent since 2016. The company said a reduction of nearly 4 percent or more than 7,200 metric tons of methane was achieved through the company’s voluntary …

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PSO backs off Bixby transmission line project amidst protests by residents

Pressure from the State Attorney General as well as hundreds of angry citizens apparently forced PSO to back off controversial plans to build a Wind Catcher transmission line through the city of Bixby. As hundreds of angry citizens gathered Monday night for the city council meeting in Bixby to get an update on their fight …

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